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Guideline Value

Corporate

Guideline Value for GANDHI NAGAR EXTN (CHEN)

₹770/sq.ft.

The guideline value for Gandhi Nagar Extn (chen) in Sengundram - 1 village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Sengundram - 1

Village

Chengleput Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Gandhi Nagar Extn (chen)

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Gandhi Nagar Extn (Chen) guideline value

The current guideline value of Gandhi Nagar Extn (Chen) is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Sengundram - 1 village under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Gandhi Nagar Extn (Chen) has changed

Over the years, the guideline value for Gandhi Nagar Extn (Chen) has seen several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 469 per sq.ft. In 2023, the value increased to Rs 700 per sq.ft, and the latest revision in 2024 raised it to Rs 770 per sq.ft. The register has no figures for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO with a 2024 guideline value range from Rs 660 to Rs 3,285 per sq.ft. The median value for these streets is Rs 880 per sq.ft, making the guideline value of Gandhi Nagar Extn (Chen) below that median.

Stamp duty and registration fee for property in Gandhi Nagar Extn (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total cost for these fees Rs 69,300. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gandhi Nagar Extn (Chen)?

The Sub Registrar Office that covers Gandhi Nagar Extn (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is a crucial factor when registering property transactions in Sengundram - 1. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable by the buyer.

When buying or selling property, it is essential to be aware of the guideline value as it influences the overall transaction costs. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Gandhi Nagar Extn (Chen)?

The current guideline value of Gandhi Nagar Extn (Chen) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

What is the land classification for Gandhi Nagar Extn (Chen)?

Gandhi Nagar Extn (Chen) is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Gandhi Nagar Extn (Chen)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 at a rate of 7%.